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As the first week of August comes to a close, BTC and ETH

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As the first week of August comes to a close, BTC and ETH are reeling in small gains, while most altcoins are profiting.

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As the first week of August comes to a close, BTC and ETH are reeling in small gains, while most altcoins are profiting. As the first week of August drew to a conclusion, the price charts for the majority of cryptocurrencies had a green hue. Bitcoin opened trading on Friday, August 5 at 0.20 percent. According to the Indian exchange CoinSwitch Kuber, the current BTC price is $24,248. (roughly Rs. 19 lakh). The oldest cryptocurrency did incur negligible losses on international markets. On Binance and CoinMarketCap, Bitcoin experienced negligible losses of 0.37 and 0.24 percent, respectively, to trade at $23,125. (roughly Rs. 18 lakh). Follow For More Updates at BTC and ETH by Worldrapiddnews.com

As the first week of August comes to a close, BTC and ETH are reeling in small gains, while most altcoins are profiting.

Ether had minor gains as August progressed. Currently, ETH values are around $1,741 with a profit of 0.94 percent (roughly Rs. 1.38 lakh). According to Gadgets 360โ€™s monitoring of crypto prices. Cardano, Solana, Polkadot, Polygon, Avalanche, and Uniswap attained financial success.

โ€œGlobal share markets appear to have shrugged off recession fears, as they inched higher even after the Fedโ€™s rate hike. In the United States, equity prices were bolstered by earnings reports that were stronger than anticipated. Parth Chaturvedi, Crypto Ecosystem Lead at CoinSwitch, told Gadgets 360 that the Federal Reserve continues to believe that rate hikes will only create a slight economic slowdown, and that inflation fears are reaching a peak.

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On the price charts, USD Coin, Binance USD, Ripple, Shiba Inu, Litecoin, and Steller are trading in red. The total market capitalization of the cryptocurrency industry increased by 0.49 percent over the previous day, reaching $1.08 trillion (about Rs. 85,71,025 crore). According to Chaturvedi, this weekโ€™s crypto asset values moved in a range due to the macro narrative that continues to dominate digital asset markets.

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He stated that the waning excitement surrounding Ethereumโ€™s โ€˜Merge,โ€™ Bitcoinโ€™s limited trading range, and the Nomad and Solana hack attacks increased panic within the cryptocurrency community.

As the first week of August comes to a close, BTC and ETH are reeling in small gains, while most altcoins are profiting.  As the first week of August comes to a close, BTC and ETH download 41
As the first week of August comes to a close, BTC and ETH are reeling in small gains, while most altcoins are profiting.

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โ€œThe CRE8 Index in India increased by 1.96 percent, matching the worldwide attitude. As of 09:30 IST on 5 August, the Index Value (the total of all the crypto asset values in the CRE8 Index) was Rs. 2,985.99. BTC and ETH were the assets with the highest market capitalization. From July 29 to August 5, the CRE8 index increased by 2.08%, from Rs. 2909.12 to Rs. 2967.80 per week, as highlighted by Chaturvedi.

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